A friend of mine is getting a boat built in Thailand and the boatbuilder is now seriously late. My friend is now trying to seek advice how to settle things with the builder as he has difficulties communicating with him.
My question is that if the contract has a clause "Date of completion no later than XXX from the date of the deposit. Penalty for late completion xxx per week thereafter", how valid is that in Thailand? Does anyone have any experience dealing with these kind of matters? If the builder refuses to deduct the penalty amount from the final payment and will not hand over the boat or the construction stops what are the options for a customer?
What about chances fighting this in the court? How long will it take and how much could it possibly cost? The contract should be otherwise valid, checked by a lawyer.
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Penalty Clause In Boatbuilding Contract
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A friend of mine is getting a boat built in Thailand and the boatbuilder is now seriously late. My friend is now trying to seek advice how to settle things with the builder as he has difficulties communicating with him.
My question is that if the contract has a clause "Date of completion no later than XXX from the date of the deposit. Penalty for late completion xxx per week thereafter", how valid is that in Thailand? Does anyone have any experience dealing with these kind of matters? If the builder refuses to deduct the penalty amount from the final payment and will not hand over the boat or the construction stops what are the options for a customer?
What about chances fighting this in the court? How long will it take and how much could it possibly cost? The contract should be otherwise valid, checked by a lawyer.